CA > Los Angeles
Los Angeles, CA 90031,1926 N Johnston ST
Los Angeles, CA 90031,1926 N Johnston ST
Los Angeles, CA 90031,1926 N Johnston ST
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Wed
27
Aug
Thu
28
Aug
Fri
29
Aug
The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,389,000
Est. payment /mo
7,788 Sqft Lot
Save

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS25165151

HOA Y/N No

Year Built 1980

Lot Size 7,788 Sqft

Property Sub-Type Apartment

Property Description

First time on the market property! Priced only at $335 per sq ft and $270,000 per unit with no RSO. This five-unit building consists of eleven beds and five baths in Lincoln Heights neighborhood, totalling 4,032 sq ft. Great location next to Chinatown, Art District, and many freeways (110 fwy, 5 fwy, 2 fwy, 101 fwy). There is a mix of four 2-bed 1-bath units and one 3-bed 2-bath unit. Two units have been completely renovated with new electric, plumbing, and cooling units, with new kitchens and bathrooms. The building was just painted for curb appeal. There are upside rents with three of the under-market units. Since the building was built in 1980, it is not under RSO, so rents can be caught up to market sooner. 

The property is on a large lot of 7789 square feet with RD-1 zoning. This allows for additional development opportunities in the future. Based on zoning, owners can add up to 4 more units on existing (but please verify with the city). Another cheaper alternative is adding an ADU by utilizing the six parking spaces under the building. The property is close to many new restaurants in Chinatown, Los Angeles State Historical Park, Dodger Stadium, San Antonio Winery, Elysium Park, Keck USC Hospital, and many other attractions, making it a great investment opportunity for owners seeking rental income and stability.

Interior showings contingent on offers. Do not disturb tenants. Full occupied.

Location

State CA

County Los Angeles

Area 677 - Lincoln Hts

Interior

Interior Features Multiple Staircases

Fireplace No

Laundry None

Exterior

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Urban

Total Parking Spaces 6

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5210023019

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by EDMOND WU LANDMARK LENDING REALTY 626-246-8680

MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
$
$
%
%
Advanced
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.
 
Serving Southern California

Custom Quick Search Tools To Explore Nearby Zip Codes, Cities & Neighborhoods In Your Preferred Destinations

There are 30 quick searches
 
Serving Arizona
Custom Quick Search Tools To Explore Nearby Zip Codes, Cities & Neighborhoods In Your Preferred Destinations
More